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OZ Minerals lobs $444m takeover bid for Avanco

Peter Ker
Peter KerResources reporter
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Swiss mining giant Glencore could soon be on OZ Minerals' share register, after OZ lobbed a cash and scrip takeover bid for a junior company that counts Glencore as one of its major shareholders.

OZ Minerals lobbed the offer on Tuesday for ASX-listed copper junior Avanco Resources in a deal that values the Brazilian focused company at $444 million.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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    Original URL: https://www.afr.com/business/mining/oz-minerals-lobs-444m-takeover-bid-for-avanco-20180326-h0y00w